Why Sanjiv Bhasin picks HDFC, PNB, and Canara Bank stocks? Know stop-loss, targets, and other details

In yet another episode of 'Bhasin ke Haseen Share', Sanjiv Bhasin, Director-IIFL Securities Ltd picked three stocks for profit booking and shared his updates on last calls on Friday. 

Updating his last calls, Bhasin said: “Last day, I recommended Siemens, which is 10% high today, Adani Ports, of Rs 720, it sold out for Rs 790. Bosch is at the target of Rs 1700, Gail is today's top performer and Motherson Sumi sold for Rs 232, of Rs 225.” In banks, both IDFC First Bank and Federal Bank are ahead of their targets, he added. Apart from this, Cadila and GAIL are performing well. 

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Bhasin recommended three buy calls for maximum benefits.  

PNB 

He recommended PNB Bank as the first stock to invest money in. He said, “The current market price is Rs 40.80 with a stop loss of Rs 39.30, which was also the original price." And look for the target price of Rs 43, adding PNB would be the best pick. 

Canara Bank 

Bhasin recommended Canara Bank as his second pick. He said, “You can also buy Canara Bank because it has gone up.” He then added, “The current market price is Rs 220.65. With a stop loss of Rs 213, the target price is Rs 225.” 

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/lKwBKbWfbH

— Zee Business (@ZeeBusiness) December 10, 2021

HDFC Bank 

Moreover, Bhasin mentioned HDFC Bank as his last recommendation. He said, “The biggest one that should be taken is HDFC. The current market price is Rs 1524.05. With a stop loss of Rs 2755, the target price is Rs 2950-3000.” He reiterated that HDFC will be the stock of 2022.